ORDINANCEtitleF/S Imposing An Excise Tax Equal To One-Eighth Of One Percent (0.125%) Of Gross Receipts To Be Used For The Purpose Of Funding Essential Services (Pe?a, Sanchez)bodyIMPOSING AN EXCISE TAX EQUAL TO ONE-EIGHTH OF ONE PERCENT (0.125%) OF GROSS RECEIPTS TO BE USED FOR THE PURPOSE OF FUNDING ESSENTIAL SERVICES.BE IT ORDAINED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE: Section 1. NAME. The municipal gross receipts tax shall be known popularly as the "Essential Services Tax." Section 2. IMPOSITION OF TAX. There is imposed on any person engaging in business in this municipality, for the privilege of engaging in business in this municipality, an excise tax equal to one-eighth of one percent (0.125%) of the gross receipts reported or required to be reported by the person pursuant to the New Mexico Gross Receipts and Compensating Tax Act as it now exists or as it may be amended. The tax imposed under this Ordinance is pursuant to the Municipal Gross Receipts Tax Act, as it now exists or is amended, and shall be known as the "Municipal Gross Receipts Tax." Section 3. GENERAL PROVISIONS. This Ordinance hereby adopts by reference all definitions, exemptions and deductions contained in the Gross Receipts and Compensating Tax Act as it now exists or as it may be amended. Section 4. SPECIFIC EXEMPTIONS. No municipal gross receipts tax shall be imposed on the gross receipts arising from: (A) Transporting persons or property for hire by railroad, motor vehicle, air transportation, or any other means from one point within the municipality to another point outside the municipality; or (B) A business located outside the boundaries of a municipality on land owned by that municipality for which a state gross receipts tax distribution i...